The Central Bank of Egypt (CBE) and the Ministry of Foreign Affairs, Immigration, and Egyptian Expatriates Affairs have launched the "Open Your Account in Egypt" initiative, in collaboration with the National Bank of Egypt (NBE) and Banque Misr, to simplify the process of opening bank accounts for Egyptians living abroad.

Egyptian banks have started lifting restrictions on opening new accounts, especially financial inclusion accounts, starting Sunday, March 9th.

The Central Bank of Egypt (CBE) is preparing to introduce the electronic know your customer (eKYC) service in the first half (H1) of 2025.

The Central Bank of Egypt (CBE) has directed banks to allow youth aged 15 to 21 to open bank accounts without requiring parental consent.

The Central Bank of Egypt (CBE) has issued new regulations allowing low-risk customers to open financial inclusion accounts in foreign currencies, along with the Egyptian pound.

The Central Bank of Egypt (CBE) has directed local banks to open bank accounts for non-residing foreigners in Egypt, without prejudice to the rules governing this process.

The Central Bank of Egypt (CBE) is planning to allow customers to open bank accounts via a mobile phone application that is set to be launched next year.